Zynga Inc (NASDAQ:ZNGA) presented at a Global Technology conference hosted by Bank of America Merrill Lynch (BAC). Its CEO, Don Mattrick, admitted the company could face weakness ahead. This is due to summer seasonality and higher costs associated with new products. Zynga Inc (NASDAQ:ZNGA) net profit margin is -13.20% and weekly performance is 4.38%. On last trading day company shares ended up $3.10. Analysts mean target price for the company is $4.62. Zynga Inc (NASDAQ:ZNGA) distance from 50-day simple moving average (SMA50) is -17.31%.
RBC Capital initiated coverage on shares of MannKind Corporation (NASDAQ:MNKD) in a research note issued on Thursday. The firm set an “outperform” rating on the stock. MannKind Corporation (NASDAQ:MNKD) shares fell -5.49% in last trading session and ended the day on $9.78. Its return on assets is -82.40%. MannKind Corporation (NASDAQ:MNKD) quarterly performance is 73.10%.
Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced that it has priced a public offering of 12,500,000 shares of common stock at a price of $14.95 per share, for net proceeds of approximately $178.6 million after deducting underwriting discounts and commissions and estimated offering expenses. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,875,000 shares. Retail Opportunity Investments Corp (NASDAQ:ROIC) shares moved down -2.27% in last trading session and was closed at $15.07, while trading in range of $14.99 – $15.26. Retail Opportunity Investments Corp (NASDAQ:ROIC) year to date (YTD) performance is 4.58%.
The Priceline Group Inc. (Nasdaq:PCLN) and OpenTable, Inc. (NASDAQ:OPEN) announced that they have entered into a definitive agreement whereby The Priceline Group will acquire OpenTable for $103 per share in an all cash transaction valued at $2.6 billion. OpenTable Inc (NASDAQ:OPEN) ended the last trading day at $70.43. Company weekly volatility is calculated as 2.95% and price to cash ratio as 14.09. OpenTable Inc (NASDAQ:OPEN) showed a positive weekly performance of 1.00%.
Groupon Inc (NASDAQ:GRPN) is making constant efforts to stay in the race in the competitive world. The company is using the mobile platform to enhance its consumer base. Following the latest business model, it has launched freebies on iOS platform. It will offer special digital coupons to the users of iOS. Certainly, it is a way to move ahead and get an edge over the peers in a competitive industry. The benefits will be available only in the US. It is a direct benefit for the iPhone and iPad users. They will get the coupons of top brands. Groupon Inc (NASDAQ:GRPN) net profit margin is -4.70% and weekly performance is 3.26%. On last trading day company shares ended up $6.01. Analysts mean target price for the company is $8.76. Groupon Inc (NASDAQ:GRPN) distance from 50-day simple moving average (SMA50) is -9.39%.
Leave a Reply